Business/Financial
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Business/FinancialTSA Awards Morpho Detection Potential $467 Million For EDS Maintenance
The Transportation Security Administration (TSA) has awarded Morpho Detection, Inc. (MDI), a potential four-year, $466.6 million contract to provide performance based logistics on the agency’s fleet of explosives detection systems […]
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Business/Financial
McAfee Investigation Shows Diverse Victim List of Single Cyber Attacker
An investigation into a single cyber attacker that has launched a series of persistent attacks beginning in 2006, if not earlier, and is still ongoing, shows a diverse group of […]
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Business/Financial
Panetta Cautious On Second Wave Of Deficit Cuts
Defense Secretary Leon Panetta pledged yesterday to fight against significant Pentagon funding reductions in a second round of government spending cuts a new committee will weigh later this year under […]
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Business/Financial
Obama Signs Debt Deal Over Hawks’ Objections
President Barack Obama signed into law yesterday a debt-reducing bill that cleared the Senate earlier in the day despite objections of some Republicans concerned about hundreds of billions of dollars […]
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Business/Financial
Obama Taps Acquisition Chief Carter For Dep SECDEF
President Barack Obama said yesterday he will nominate Pentagon acquisition czar Ashton Carter to replace Bill Lynn as the deputy secretary of defense. The tapping of Carter for the Pentagon’s […]
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Business/Financial
Hawkish Lawmakers Assess Final Debt Deal Before Senate
Hawkish lawmakers skeptically assessed yesterday the deficit-reduction deal the White House and congressional leaders reached Sunday, which could cut defense-related spending by $850 billion or more over the next decade. The […]
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Business/Financial
TSA Awards $483 Million In Security Contracts To L-3, Lockheed Martin And Boeing
The Transportation Security Administration (TSA) has awarded three contracts to L-3 Communications [LLL], Lockheed Martin [LMT] and Boeing [BA] totaling up to $483 million for maintenance, upgrades and installation of […]
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Business/Financial
L-3 To Spin-Off $2 Billion Government Services Company
Responding to changing market conditions and relatively new conflict of interest rules, L-3 Communications [LLL] yesterday said it will spin-off the majority of its Government Services segment into a $2 […]
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Business/Financial
Raytheon Posts Higher Income And Sales
Raytheon [RTN] yesterday reported higher second quarter earnings and sales as the company benefited from a decline in charges related to a terminated border security contract with a British agency […]
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Air ForceStrong Operating Performance Lifts Boeing In Second Quarter
Boeing [BA] yesterday reported strong second quarter financial results driven by sales growth at its Commercial Airplanes segment and margin improvements at the commercial and defense segments. “Strong operational performance […]